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To: Ilaine who wrote (88470)4/1/2001 10:45:37 PM
From: GraceZ  Read Replies (1) | Respond to of 436258
 
Grace has a cartoon that explains what I mean.-g-

This one?

members.home.net

or this one?

members.home.net

-g-



To: Ilaine who wrote (88470)4/2/2001 1:05:03 AM
From: LLCF  Read Replies (2) | Respond to of 436258
 
<If you ever quit reading those doom and gloom websites you frequent and read some of the actual statistical analysis you'd see that hedonic pricing is only applied to a *very* small proportion of US data. Miniscule. >

LOL, got links?? If you read Grant on the subject [hardly doom and gloom, although not what you'd call a bull] you'd see that hour statement is not true.

dAK



To: Ilaine who wrote (88470)4/2/2001 8:15:39 AM
From: Earlie  Read Replies (1) | Respond to of 436258
 
CB:

If you take a look at those numbers, as I have, you will find that the impact of hedonic BS, especially in the computer area, distorts the U.S. GDP rather dramatically. Without the hedonic nonsense, U.S. GDP looks rather forlorn over the past few years. I know of no other country that employs such baloney in its stats.

Best, Earlie



To: Ilaine who wrote (88470)4/2/2001 9:56:58 AM
From: Mike M2  Read Replies (3) | Respond to of 436258
 
CB, in the 18 months ended June 30, 2000 an additional $28 billion was spent on computer investment apply the hedonic deflator and this figure becomes $ 127 billion chained dollars. ( I would call this vastly in excess but i suppose it depends on your definition -g-) I am quite comfortable being in the minority with my gloom and doom views and realize that tough love takes time . In light of the recent rapid deterioration of the economy I feel we are on track for a very rough year. With all due respect it is not enough to look at the numbers if you don't understand how they are distorted. Mike



To: Ilaine who wrote (88470)4/2/2001 10:02:43 AM
From: Mike M2  Respond to of 436258
 
CB, I tune out much of what I hear not because it does not fit my view ( cognitive dissonance) but much of what you see in the mainstream business press comes from those who have a vested interest in the continuation of the bull market ( Wall St ,the mutual fund industry, and now the federal gov't) mike